facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

1646 Rankin Rd, Houston, TX...

Rubicon Ventures LLC Leases 19800 Square Feet At 1646 Rankin Rd Houston With Tenant's Rep Doc Perrier
LEASEDIndustrial

Rubicon Ventures LLC Leases 19800 Square Feet At 1646 Rankin Rd Houston With Tenant's Rep Doc Perrier

1646 Rankin Rd, Houston, TX, 77073

Building Size

19,800 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 1646 Rankin Rd, Houston, TX, 77073. It comprises a total area of 19,800 square feet and is situated within Central Green Business Park, which is a larger development of 331,000 square feet near George Bush International Airport. The market for this property is Houston.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 1646 Rankin Rd, Houston, TX, 77073
  • Market: Houston
  • Tenant: Rubicon Ventures LLC
  • Tenant's Representative: Doc Perrier - Finial Group
  • Landlord: Unknown
  • Landlord's Representative: Jeremy Lumbreras - Stream Realty Partners
  • Square Feet: 19,800

In this lease transaction, Doc Perrier and Jason Gibbons from Finial Group represented the tenant, Rubicon Ventures LLC, while Jeremy Lumbreras from Stream Realty Partners represented the landlord, whose identity remains undisclosed.

Players

Doc Perrier

Finial Group

Broker

$23.8K

vol

10 deals

Broker
RL
Rubicon Ventures LLCTenant

Houston Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93